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Will Ripple (XRP) and Ox (ZRX) Get Listed on Coinbase?

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Ripple
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It is every crypto’s goal to get listed on as many crypto exchanges as possible, and Coinbase is among the top exchanges that every crypto would like to join. By getting listed on this exchange, the coins would receive a lot of benefits and would get that much more exposure. This is also a goal for Ripple (XRP) and Ox (ZRX), although their chances of getting to Coinbase are not as high as their supporters would like.

With many new coins getting adopted by various big exchanges around the world, it is not that surprising that those left out wish to join the party. This especially goes for Ripple (XRP) and Ox (ZRX), and their investors are waiting for the announcement that they are getting on Coinbase with each passing day. And yet, the announcement is not coming, possibly for several reasons.

Why Coinbase won’t accept Ripple?

Coinbase recently announced that it will adopt Ethereum Classic as one of its newest cryptocurrencies, which was a big surprise for the Ripple fans. Considering that XRP is the third largest digital currency on CoinMarketCap, Ripple enthusiasts were confused with this choice, now that Coinbase decided to open up to new cryptos.

With Ripple’s success, high rank, large community, and acceptance by banks and other financial institutions around the world, it would be easy to think that this coin meets all of the requirements needed to get listed. Still, this might not be true, and Coinbase itself said as much.

The reasons for this include various pending cases and legal issues, and the recent revelations involving bribery are also not helping this crypto. A large part of the reason why Ripple isn’t being accepted is also the fact that it is still highly centralized. Not only that, but its parent company still holds a large majority of the XRP coins (more than 80%). This is simply not acceptable for a digital currency that claims to be a real crypto.

Despite the fact that Ripple continues to argue that their token is not a security, many are still not convinced, and the decentralization of the coin that was promised has yet to arrive. Because of this, and the pending cases that were mentioned earlier, Ripple definitely still doesn’t meet the necessary requirements.

What is the issue with Ox (ZRX)?

Ox is a very different crypto than Ripple, and it allows its users to trade any ERC-20 coin via its ZRX token. The coin became popular recently, which led its enthusiasts to believe that this crypto has a shot at joining Coinbase sometime soon. Seemingly, the coin does actually meet all the necessary requirements that are needed in order for it to be adopted by this exchange.

It is decentralized, has economic freedom, and is even complying with the laws and regulations. The issue lies with the recent developments regarding Coinbase’ s platform. The exchange has announced recently that it is trying to get regulatory permission to add blockchain and crypto security assets. That way, it would be capable of offering securities based on the blockchain, with SEC overseeing the procedures.

This is why it soon might not be in need of services that Ox has to offer, which is why the coin doesn’t really have a chance. Of course, nothing is certain as of yet, and only time will tell whether any of this is actually going to transpire. However, if it does, then Ox will probably have to aim at some other exchange.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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